Veracity Capital LLC boosted its holdings in Fidelity National Information Services, Inc. (NYSE:FIS – Free Report) by 6.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,670 shares of the information technology services provider’s stock after buying an additional 853 shares during the quarter. Veracity Capital LLC’s holdings in Fidelity National Information Services were worth $1,104,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Avanza Fonder AB purchased a new position in shares of Fidelity National Information Services in the 4th quarter valued at $3,227,000. CENTRAL TRUST Co increased its position in shares of Fidelity National Information Services by 757.9% during the third quarter. CENTRAL TRUST Co now owns 11,831 shares of the information technology services provider’s stock worth $991,000 after purchasing an additional 10,452 shares in the last quarter. Franklin Resources Inc. lifted its holdings in shares of Fidelity National Information Services by 9.2% in the 3rd quarter. Franklin Resources Inc. now owns 1,339,235 shares of the information technology services provider’s stock valued at $117,571,000 after purchasing an additional 112,842 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in Fidelity National Information Services by 51.4% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 75,747 shares of the information technology services provider’s stock worth $6,344,000 after buying an additional 25,701 shares during the last quarter. Finally, Miracle Mile Advisors LLC acquired a new stake in shares of Fidelity National Information Services in the fourth quarter valued at approximately $1,002,000. 96.23% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
FIS has been the topic of a number of recent research reports. JPMorgan Chase & Co. lifted their target price on shares of Fidelity National Information Services from $89.00 to $99.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. UBS Group lifted their price objective on shares of Fidelity National Information Services from $80.00 to $94.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. Oppenheimer began coverage on shares of Fidelity National Information Services in a research note on Tuesday, October 1st. They set a “market perform” rating for the company. BNP Paribas cut Fidelity National Information Services from a “neutral” rating to an “underperform” rating in a research report on Wednesday, November 20th. Finally, Mizuho increased their price objective on Fidelity National Information Services from $91.00 to $104.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $92.00.
Insider Transactions at Fidelity National Information Services
In other news, Director Jeffrey A. Goldstein acquired 701 shares of the business’s stock in a transaction dated Wednesday, January 15th. The stock was acquired at an average price of $79.97 per share, with a total value of $56,058.97. Following the completion of the transaction, the director now directly owns 11,098 shares in the company, valued at approximately $887,507.06. This represents a 6.74 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Lenore D. Williams sold 11,305 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $87.97, for a total transaction of $994,500.85. Following the transaction, the executive vice president now directly owns 32,199 shares in the company, valued at $2,832,546.03. The trade was a 25.99 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.20% of the company’s stock.
Fidelity National Information Services Stock Up 0.9 %
Fidelity National Information Services stock opened at $79.23 on Friday. The firm has a market capitalization of $42.66 billion, a price-to-earnings ratio of 31.57, a price-to-earnings-growth ratio of 0.60 and a beta of 1.04. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.18 and a current ratio of 1.18. Fidelity National Information Services, Inc. has a fifty-two week low of $59.90 and a fifty-two week high of $91.98. The stock’s fifty day moving average is $82.54 and its two-hundred day moving average is $82.36.
Fidelity National Information Services (NYSE:FIS – Get Free Report) last posted its earnings results on Monday, November 4th. The information technology services provider reported $1.40 earnings per share for the quarter, beating the consensus estimate of $1.29 by $0.11. The firm had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.56 billion. Fidelity National Information Services had a net margin of 14.37% and a return on equity of 15.35%. The firm’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same period last year, the firm posted $0.94 EPS. Analysts predict that Fidelity National Information Services, Inc. will post 5.18 EPS for the current fiscal year.
Fidelity National Information Services Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Monday, December 9th were given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 1.82%. The ex-dividend date was Monday, December 9th. Fidelity National Information Services’s payout ratio is 57.37%.
Fidelity National Information Services Company Profile
Fidelity National Information Services, Inc engages in the provision of financial services technology solutions for financial institutions, businesses, and developers worldwide. It operates through Banking Solutions, Capital Market Solutions, and Corporate and Other segments. The company provides core processing and ancillary applications; mobile and online banking; fraud, risk management, and compliance; card and retail payment; electronic funds transfer and network; wealth and retirement; and item processing and output solutions.
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